Noratel North America Inc., a European transformer manufacturer, has relocated its US headquarters right here in Charlotte! 
Some sellers these days are taking a bit of a hit on their equity. Savvy sellers who are also purchasing realize that they’ll recoup that lost equity when they make a smart purchase on the other side. Many have, as they say, given away the farm because they HAVE to move; others are simply motivated by the low prices and the incredibly low interest rates on their purchase.
“When we Close on this house, we don’t want to ever look back. This is a liability that we’re not willing to assume, just so the buyer can ‘feel like’ they are getting a great deal. Our home is already a GREAT DEAL! Tell them to get their own representation and bring this Offer back to us then...we’ll seriously consider their Offer at that time. I would never even THINK to buy a home without someone to represent my interests.” 
WOW, what a January we had in the Charlotte real estate market! Homes are MOVING and we’re seeing lots of buyer activity now–great news for our sellers!
This week, we’re going to focus on the Charlotte and Matthews luxury markets. Let’s take a look at the sales in the luxury market (over $500,000) during the month of January:
SINGLE FAMILY HOMES (There are currently 483 homes for sale in the luxury market)
CLOSED SALES DATA: 32 single family luxury homes in the Charlotte proper market and the Matthews area were Closed this week:
List Price: $866,347
Sales Price: $805,935
Avg. List to Sales Price Ratio: 93%
Avg. Heated Square Feet: 4,302
Price Per SF: $187.34
Average Days on the Market: 172
PENDING DATA: 66 single family luxury homes in the Charlotte proper and Matthews area went into Escrow this week:
List price: $874,067
Avg. BR/BA: 4/4
132 Average days on the market
(*Above data includes Charlotte and Matthews only.) Contact us for more specific luxury community sales and market statistics.)
With 483 homes for sale in the Charlotte/Matthews luxury home market, and 32 Closed sales in January, the luxury market in these areas show a 15 month supply–a buyers market! Average days on the market for homes Closed in January were 172 and the homes that are now in Escrow were on the market for 132 days–a 40-day reduction for our luxury home sellers in Charlotte and Matthews!
Great news for our luxury home buyers! If you’re looking to buy a luxury home in the Charlotte or Matthews area, NOW is the time to move! Interest rates on jumbo loans are at historic lows--get in while the gettin’ is good! Contact your Charlotte luxury home specialist for more information on specific community markets and for your luxury home search needs.
Have a wonderful weekend everyone!
